The Task Force on National Infrastructure Pipeline (NIP) has submitted its Final Report on NIP for FY 2019-25 to the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman recently. NIP is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure across the country, and improve the quality of life for all citizens. It aims to improve project preparation, attract investments (both domestic and foreign) into infrastructure, and will be crucial for the target of becoming a $5 trillion economy by FY 2025.
The Final Report of NIP Task Force is projecting total infrastructure investment of Rs 111 lakh crore during the period FY 2020-25 in light of additional/amended data provided by Central Ministries/State Governments since the release of summary NIP Report. Out of the total expected capital expenditure, projects worth Rs 44 lakh crore are under implementation, projects worth Rs 33 lakh crore are in conceptual stage and projects worth Rs 22 lakh crore are under development, Information regarding project stage are unavailable for projects worth Rs 11 lakh crore. Sectors such as energy (24%), roads (18%), urban (17%) and railways (12%) amount to around 71% of the projected infrastructure investments in India. The Centre (39%) and States (40%) are expected to have almost equal share in implementing the NIP in India, followed by the private sector (21%).
Source: Ministry of Finance